Obama and (Even) Higher Capital-Gains Taxes

A strong Equalizer

If Obama manages to achieve this, it will be beneficial for the economy as a whole because now the goverment will have funds to maintain itself and it can cut back on the Middle and Lower Class Americans.

This only affects those who are strongly involved in the stocks and Hedge Fund arena where most of the money in the world is anyway. It is a very fair move and I wish that more people understood how important this is.

Hillary is obviously not for this because of her status and her daughter Chelsea involvement in Hedge Funds. It is public knowledge that Chelsea makes well over 6 figures working at a Hedge Fund called Avenue in New York with Marc Lasry.

I recently saw articles with Robert Johnson who is the founder of BET talking against Obama. The only reason is that Mr. Johnson has his own Hedge Fund as well.

If you have been keeping up with the articles, when Nancy Pelosi was making a case to end the Democratic race, these guys spoke up against her to let the race keep moving. If you do some homework, you will find out that they are Hedge Fund People.

To me, this will be a strong equalizer and it will benefit America's economy. I wish that the people in Pennsylvania knew the truth and not look at color because who they choose can prove to be all the differences in the world in this country. It will far benefit them more if they can be taxed less by the government, which will allow them to move up in the economy as well as a host of many other hard working Americans.

Shade of IL @ Apr 22, 2008 11:44:47 AM

Maybe its time to start fixing the inequalities in the system

If you review economic data for the last 50 years, you can see that that the vast majority of the economic gains have gone to the very wealthy, and inequality has increased.

Capital gains is a huge part of this imbalance.

The rich get richer, and the poor get poorer. There is nothing especially charming, or wonderful, or fair, or motivating about that.

Its time to change that imbalance and create opportunities for everyone.

How many cars, boats, planes, vacations...does someone "deserve"?

Andrew G. of CA @ Apr 22, 2008 11:43:49 AM

Obama would kill US economy

The day investors get the word that a Democrat has been elected President who plans to increase capital gains taxes, stock market investors like me will do the only logical thing - SELL before the ruling is enacted and take their gains at the lower current tax rate.

With everyone selling, it doesn't take a rocket scientist to figure out that the stock market will crash. Did you hear me? I said STOCK MARKET CRASH! What happens then? Poor people lose their jobs and start standing in soup lines. Sounds like "change" to me, but it sure doesn't sound like "hope."

Use your heads, folks, and vote for someone like John McCain who wants to make the US business more competitive - the ONLY way that government can actually grow jobs and increase prosperity for all Americans.

Dorothy of CO @ Apr 22, 2008 11:43:41 AM

only fair

Capital gains is simply another form of INCOME. It should be taxed like any other income. Is there a legitimate reason why people who make their money via capital gains should pay lower rates than someone like me, on salary?

Working Man of ME @ Apr 22, 2008 11:43:01 AM

Obama would kill US economy

The day investors get the word that a Democrat has been elected President who plans to increase capital gains taxes, stock market investors like me will do the only logical thing - SELL before the ruling is enacted and take their gains at the lower current tax rate.

With everyone selling, it doesn't take a rocket scientist to figure out that the stock market will crash. Did you hear me? I said STOCK MARKET CRASH! What happens then? Poor people lose their jobs and start standing in soup lines. Sounds like "change" to me, but it sure doesn't sound like "hope."

Use your heads, folks, and vote for someone like John McCain who wants to make the US business more competitive - the ONLY way that government can actually grow jobs and increase prosperity for all Americans.

Dorothy of CO @ Apr 22, 2008 11:41:55 AM

Worse than misleading...

I would say that what this bit of rather artless misdirection from Pethokoukis leaves out would tell much of the story.

This is an issue of very real concern.

USN&WR is not served by this superficial, hit-job "journalism."

TK Major of CA @ Apr 22, 2008 11:38:23 AM

James Pethokoukis |

Thanks for that first comment - this "author" is a constant reminder of the low quality of corporate media.

i Love My Country of CA @ Apr 22, 2008 11:37:07 AM

greed

oh no! the richest people in the country will be a little less rich! the horror!

of @ Apr 22, 2008 11:36:32 AM